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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: excardog who wrote (82516)12/22/2000 6:45:14 PM
From: Razorbak  Read Replies (1) | Respond to of 95453
 
MRO+PN

Scott: 29% premium. Not bad. Do you hold any PN?

Now THAT'S the way acquisitions are usually announced (either after the close or before the open). I SMOP'ed up this afternoon simply because of market inefficiencies. <gg>

Razor



To: excardog who wrote (82516)12/23/2000 12:37:01 PM
From: add  Read Replies (2) | Respond to of 95453
 
In looking at lot of these deals, I noticed that a lot of small companies have been hedging a lot of production at very low prices. In the $3-$5 range. What I want to know is who is the counterparty? Those guys are making out like bandits getting $9 and paying $4 ! In fact these guys are making more money than the drillers without having drilled anything. Anyone know the big players in the NG swaps market?